HighTower Advisors LLC Acquires 15,860 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

HighTower Advisors LLC raised its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 137.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,375 shares of the energy company’s stock after acquiring an additional 15,860 shares during the quarter. HighTower Advisors LLC’s holdings in Dorchester Minerals were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DMLP. Geode Capital Management LLC raised its position in shares of Dorchester Minerals by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock worth $749,000 after acquiring an additional 1,109 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the period. Baker Tilly Wealth Management LLC grew its stake in Dorchester Minerals by 15.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 12,084 shares of the energy company’s stock worth $403,000 after purchasing an additional 1,613 shares during the period. Albert D Mason Inc. increased its holdings in Dorchester Minerals by 1.8% in the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after purchasing an additional 525 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in Dorchester Minerals by 26.7% in the fourth quarter. Trust Co. of Vermont now owns 14,461 shares of the energy company’s stock valued at $482,000 after buying an additional 3,045 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 3,356 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $29.80 per share, with a total value of $100,008.80. Following the completion of the purchase, the chief executive officer now directly owns 117,710 shares of the company’s stock, valued at approximately $3,507,758. This trade represents a 2.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $31.69 per share, for a total transaction of $237,675.00. Following the completion of the transaction, the insider now owns 41,182 shares in the company, valued at $1,305,057.58. The trade was a 22.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 18,645 shares of company stock worth $580,602. 5.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Monday, February 24th.

Dorchester Minerals Stock Up 0.9 %

Shares of NASDAQ:DMLP opened at $30.17 on Friday. The business’s 50 day moving average is $31.03 and its 200 day moving average is $31.89. Dorchester Minerals, L.P. has a 12-month low of $28.25 and a 12-month high of $35.74. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 14.23 and a beta of 1.08.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The company had revenue of $39.71 million for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s payout ratio is 139.15%.

Dorchester Minerals Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.